Can I retire at age 40 with 7,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$611,085$605,642$600,331$595,148$590,086$586,860
2 years$302,517$296,883$291,423$286,129$280,994$277,738
3 years$199,675$194,016$188,570$183,325$178,274$175,090
4 years$148,264$142,623$137,231$132,076$127,146$124,058
5 years$117,425$111,818$106,497$101,447$96,655$93,672
6 years$96,873$91,308$86,065$81,128$76,480$73,606
7 years$82,198$76,680$71,520$66,700$62,198$59,435
8 years$71,197$65,729$60,655$55,953$51,600$48,947
9 years$62,646$57,229$52,242$47,659$43,454$40,912
10 years$55,808$50,444$45,546$41,083$37,025$34,591
11 years$50,218$44,908$40,098$35,754$31,843$29,516
12 years$45,562$40,307$35,586$31,361$27,594$25,373
13 years$41,626$36,426$31,794$27,687$24,063$21,944
14 years$38,255$33,110$28,567$24,578$21,093$19,076
15 years$35,336$30,246$25,792$21,919$18,572$16,653
16 years$32,785$27,751$23,384$19,626$16,414$14,590
17 years$30,536$25,557$21,279$17,634$14,554$12,822
18 years$28,539$23,616$19,425$15,892$12,941$11,299
19 years$26,754$21,887$17,782$14,360$11,534$9,979
20 years$25,150$20,339$16,320$13,005$10,303$8,831
21 years$23,701$18,945$15,011$11,803$9,220$7,828
22 years$22,385$17,684$13,835$10,732$8,264$6,950
23 years$21,185$16,540$12,774$9,774$7,418$6,179
24 years$20,087$15,496$11,814$8,914$6,668$5,500
25 years$19,078$14,543$10,942$8,141$6,000$4,900
26 years$18,149$13,668$10,148$7,444$5,405$4,370
27 years$17,289$12,863$9,423$6,813$4,873$3,900
28 years$16,493$12,121$8,760$6,242$4,397$3,483
29 years$15,753$11,434$8,152$5,724$3,970$3,113
30 years$15,063$10,799$7,594$5,254$3,587$2,784
31 years$14,419$10,208$7,079$4,825$3,243$2,490
32 years$13,817$9,659$6,605$4,434$2,934$2,229
33 years$13,252$9,147$6,167$4,078$2,655$1,996
34 years$12,722$8,670$5,762$3,752$2,404$1,788
35 years$12,223$8,223$5,387$3,454$2,177$1,602
36 years$11,753$7,805$5,040$3,181$1,973$1,436
37 years$11,309$7,413$4,717$2,931$1,788$1,287
38 years$10,890$7,045$4,417$2,701$1,621$1,154
39 years$10,493$6,699$4,139$2,491$1,470$1,035
40 years$10,117$6,373$3,879$2,297$1,333$929
41 years$9,760$6,067$3,637$2,120$1,210$833
42 years$9,421$5,778$3,412$1,956$1,098$748
43 years$9,099$5,505$3,202$1,806$996$671
44 years$8,792$5,248$3,005$1,667$904$602
45 years$8,500$5,004$2,822$1,540$821$541
46 years$8,221$4,774$2,650$1,422$745$485
47 years$7,955$4,556$2,490$1,314$677$436
48 years$7,701$4,349$2,340$1,214$615$391
49 years$7,458$4,153$2,199$1,122$558$351
50 years$7,225$3,967$2,068$1,037$507$315

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,400,000, adding $4,501 every year, while hoping to spend $45,419 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/6/10 Blend
39$7,400,000$7,400,000$7,400,000$7,400,000
40$8,159,443$7,767,243$7,652,543$8,832,367
41$8,943,380$8,099,512$7,860,578$9,605,327
42$9,805,758$8,446,541$8,074,059$10,447,657
43$10,754,527$8,809,003$8,293,122$11,371,512
44$11,798,451$9,187,607$8,517,904$12,385,061
45$12,947,185$9,583,091$8,748,546$13,497,304
46$14,211,366$9,996,231$8,985,190$14,718,150
47$15,602,716$10,427,837$9,227,985$16,058,516
48$17,134,151$10,878,759$9,477,080$17,530,428
49$18,819,900$11,349,884$9,732,628$19,147,130
50$20,675,645$11,842,143$9,994,786$20,923,212
51$22,718,663$12,356,510$10,263,714$22,874,746
52$24,967,993$12,894,006$10,539,575$25,019,437
53$27,444,614$13,455,698$10,822,537$27,376,790
54$30,171,642$14,042,704$11,112,769$29,968,290
55$33,174,548$14,656,196$11,410,445$32,817,608
56$36,481,401$15,297,398$11,715,744$35,950,821
57$40,123,129$15,967,596$12,028,846$39,396,660
58$44,133,813$16,668,133$12,349,938$43,186,777
59$48,551,008$17,400,417$12,679,206$47,356,042
60$53,416,096$18,165,923$13,016,845$51,942,878
61$58,774,679$18,966,194$13,363,050$56,989,612
62$64,677,007$19,802,848$13,718,023$62,542,885
63$71,178,452$20,677,579$14,081,968$68,654,081
64$78,340,034$21,592,159$14,455,093$75,379,817
65$86,228,990$22,548,448$14,837,611$82,782,473
66$94,919,415$23,548,390$15,229,739$90,930,784
67$104,492,958$24,594,024$15,631,699$99,900,480
68$115,039,593$25,687,485$16,043,714$109,775,007
69$126,658,468$26,831,008$16,466,015$120,646,309
70$139,458,841$28,026,936$16,898,835$132,615,695
71$153,561,110$29,277,723$17,342,413$145,794,796
72$169,097,950$30,585,939$17,796,992$160,306,613
73$186,215,567$31,954,276$18,262,817$176,286,681
74$205,075,074$33,385,554$18,740,140$193,884,343
75$225,854,015$34,882,729$19,229,218$213,264,161
76$248,748,037$36,448,897$19,730,310$234,607,464
77$273,972,743$38,087,299$20,243,681$258,114,062
78$301,765,720$39,801,333$20,769,601$284,004,128
79$332,388,785$41,594,560$21,308,344$312,520,272
80$366,130,455$43,470,708$21,860,188$343,929,834
81$403,308,674$45,433,684$22,425,417$378,527,403
82$444,273,807$47,487,583$23,004,317$416,637,594
83$489,411,955$49,636,695$23,597,181$458,618,111
84$539,148,594$51,885,512$24,204,306$504,863,125
85$593,952,594$54,238,745$24,825,994$555,806,987
86$654,340,643$56,701,329$25,462,549$611,928,327
87$720,882,127$59,278,432$26,114,283$673,754,573
88$794,204,503$61,975,474$26,781,510$741,866,922
89$874,999,221$64,798,132$27,464,550$816,905,829
90$964,028,256$67,752,354$28,163,726$899,577,045
91$1,062,131,294$70,844,375$28,879,367$990,658,278
92$1,170,233,664$74,080,729$29,611,805$1,091,006,535
93$1,289,355,074$77,468,260$30,361,376$1,201,566,201
94$1,420,619,231$81,014,144$31,128,421$1,323,377,960
95$1,565,264,455$84,725,900$31,913,286$1,457,588,609
96$1,724,655,367$88,611,406$32,716,318$1,605,461,883
97$1,900,295,771$92,678,922$33,537,872$1,768,390,380
98$2,093,842,851$96,937,100$34,378,302$1,947,908,704
99$2,307,122,816$101,395,012$35,237,969$2,145,707,950
100$2,542,148,139$106,062,164$36,117,237$2,363,651,660